Friday, December 4, 2020

Telematics Is Driving New Business Models for Auto Insurance

Technologies such as the internet of things (IoT), artificial intelligence (AI) and 5G are accelerating innovation in the automotive industry, giving rise to new opportunities for improved user experiences, collaboration with partners and data monetization. One area that’s gaining renewed attention as a result is telematics powered usage-based insurance (UBI). While UBI is not new, adoption has been slower than expected for several reasons. In addition to data privacy concerns, telematics devices have to be added or retrofitted to cars, data must be collected, stored and shared with multiple parties and deriving useful insights requires analytics on a massive…

The post Telematics Is Driving New Business Models for Auto Insurance appeared first on Interconnections - The Equinix Blog.



source https://blog.equinix.com/blog/2020/12/04/telematics-is-driving-new-business-models-for-auto-insurance/

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